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| Industrial Screen Printing Market |
The global industrial screen printing market has experienced phenomenal growth over the past few decades. Screen printing involves forcing ink through a stencil and onto a surface like paper, fabric, plastic or metal. This printing method is widely used for products that require durable and long-lasting prints such as t-shirts, bags, automobile parts, printed circuit boards and labels. The industrial screen printing process provides an effective and economical way to apply designs, images, text and logos onto a variety of substrates. It allows for mass production of items with custom graphics.
The Global industrial screen printing market is estimated to be valued at US$ 99.7 Bn in 2024 and is expected to
exhibit a CAGR of 9.1% over the forecast
period from 2024 to 2031.
Key players operating in the industrial screen printing market are ITT Corporation, Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve Corporation, Wilo SE, Sulzer AG, Weir Group plc, Ebara Corporation, and Grundfos AG. These players are focusing on new product launches and mergers & acquisitions to strengthen their global presence.
The industrial Global Industrial Screen Printing Market Demand offers significant growth opportunities in the electronics, automotive and packaging industries due to rising demand for customized products. Market players can leverage new digital technologies like 3D rendering and AI to expand their consumer base.
Major players are exploring opportunities in Asia Pacific and Latin American markets through foreign direct investments and partnerships. Countries like China, India, Brazil and Mexico are anticipated to be major markets for industrial screen printing over the next decade due to their growing manufacturing sectors.
Market Drivers:
Rising demand from the electronics industry: Industrial screen printing finds widespread applications in the electronics sector for printing circuits onto boards, antennas onto devices and other components. Growth in consumer electronics consumption is a major driver.
Customization capabilities: The screen printing process allows for mass customization of designs on various substrates. It drives demand from sectors like automotive, clothing and consumer goods that require unique designs for branding and marketing purposes.
Market Restrains:
High costs associated with setup: Screen printing requires substantial investments in machinery, tooling and operating space which increases initial setup costs. This restraints its use for low volume applications.
Issues with changeovers: Changing colors or designs on presses requires
significant changeover time which impacts its viability for short production
runs with frequent changes. This limits its use in certain flexible
manufacturing environments.
Segment Analysis
The screen printing market can be broadly categorized into two main segments
based on printing technology- analog screen printing and digital screen
printing. Among these analog screen printing accounts for the dominant share
currently owing to its widespread usage in printing large volumes of products.
Screen printing is extensively used in printing textiles and apparels such as
t-shirts, sportswear, uniforms etc. where mass production and quick turnaround
is required. Textiles and apparel segment employs screen printing technology
the most and therefore dominates the overall industrial screen printing market
currently.
Regionally, the Asia Pacific market holds the largest share currently in the
industrial screen printing market owing to presence of major manufacturing hubs
and a booming textile and apparel industry in countries such as China, India
and others. The region is poised to maintain its leading position during the
forecast period driven by low cost manufacturing and continued demand from the
textile sector. North America market is amongst the fastest growing markets due
to relocation of apparel manufacturing facilities to countries in the region
from Asia. Strong demand from advertising and promotional goods market is also
expected to support market growth in the coming years.
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Industrial Screen Printing Market
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